In: Statistics and Probability
Right after the poll stations are closed at 17:00, a political
candidate receives the
information that out of the 50 people interviewed her approval
“count” is 24. As a statistics
lover, she immediately tests the null hypothesis that her
population approval rate is less than
or equal 0.50 against its respective alternative, at the 5% level
of statistical significance. What
is the conclusion of this test? Suppose in every consecutive 15
minutes, number of people
interviewed increases by 5 and approval count increases by 4. Find
the earliest time, HH:MM,
that she can declare her victory based on her tests of hypotheses.
Note that a formal
statistical/algebraic solution is expected with proper terminology
and notation.